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horrorfan [7]
3 years ago
10

Weismann Co. issued 13-year bonds a year ago at a coupon rate of 11 percent. The bonds make semiannual payments and have a par v

alue of $1,000. If the YTM on these bonds is 6 percent, what is the current bond price?

Business
1 answer:
Elis [28]3 years ago
3 0

Answer:

$1,423.39

Explanation:

For computing the current bond price we use the present value formula i.e to be shown in the attachment below:

Given that,  

Future value = $1,000

Rate of interest = 6%  ÷ 2 = 3%

NPER = 13 years  - 1 year = 12 years × 2 = 24 years

PMT = $1,000 × 11% ÷ 2 = $55

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

After applying the above formula, the current bond price is $1,423.39

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Large companies may manage a number of very different businesses called _____. a. strategic business alliances b. focus groups c
klemol [59]

Answer: Strategic business units.

Explanation:

Large companies in most cases have a lot of sub-companies under them that run almost independently but report to the headquarters of the large companies about their activities, these sub-companies are known as strategic business units(SBU). The SBU helps the large company gain a large area of coverage.

3 0
3 years ago
Ferris owns an apartment in an apartment complex. The apartment-complex rules require the owner of each apartment to maintain it
lara31 [8.8K]

Answer:

Correct option is (d)

Explanation:

Creditor beneficiary is a party who is entitled to enjoy the benefits of the contract that has been put in place. They are not actively involved in the contract but are entitled to receive the benefit of contract executed by the promisor.

In this case, Erica is a third party creditor beneficiary for whom Ferris is legally obligated to perform his duties as the rules require owner to maintain the apartment which Ferris failed to oblige. So, Ferris breached contractual obligation to her.

3 0
4 years ago
What Is the state of being responsible for the consequences of an act or decision
ankoles [38]

A- Liability, you are liable for the things you own or people that work for you

6 0
3 years ago
Read 2 more answers
Department S had no work in process at the beginning of the period. It added 12,000 units of direct materials during the period
JulijaS [17]

Answer:

$163,320

Explanation:

The computation of the total cost of units completed is shown below:

The conversion cost is

= Direct labor + factory overhead

= $53,460 + $13,860

= $67,320

Now the total cost of unit completed is

= Direct material + conversion cost

= $96,000 + $67,320

= $163,320

This is the answer but the same is not provided in the given options

3 0
3 years ago
The management of a facility that manufactures parts for car brakes has a policy of testing only some of the items in each produ
ycow [4]

Answer: True- Quality control technique

Explanation:

The Quality control technique is one of the process in which the products are made based on the customer demand and the requirement in an organization and it also ensure the quality of each specification of the given products and the services.

According to the given scenario, the process of reducing the given errors and also managing the each stage of the production is one the example of quality control technique.

The quality control basically ensuring the proper designing process of the product and also it also ensure the perfection and the quality of the product in an organization.  

 Therefore, the given answer is true.

6 0
3 years ago
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